TPG (TPG) to Release Earnings on Tuesday

Posted by MarketBeat News on Aug 2nd, 2022

TPG (NASDAQ:TPG – Get Rating) will release its earnings data before the market opens on Tuesday, August 9th. Analysts expect TPG to post earnings of $0.37 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

TPG (NASDAQ:TPG – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $273.01 million for the quarter, compared to analysts’ expectations of $286.73 million. On average, analysts expect TPG to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TPG Trading Down 0.8 %

NASDAQ TPG opened at $28.30 on Tuesday. TPG has a 1 year low of $23.09 and a 1 year high of $35.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.33 and a current ratio of 0.33. The business has a 50 day moving average price of $26.23.

TPG Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, June 3rd. Shareholders of record on Friday, May 20th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, May 19th.

Wall Street Analyst Weigh In

Several research firms have issued reports on TPG. Wells Fargo & Company lowered their target price on shares of TPG from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 13th. Citigroup lowered their target price on shares of TPG from $32.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of TPG from $42.00 to $39.00 in a report on Wednesday, July 13th. JMP Securities assumed coverage on shares of TPG in a report on Wednesday, June 8th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of TPG from $36.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.71.

Hedge Funds Weigh In On TPG

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors bought a new position in shares of TPG during the 1st quarter valued at $114,248,000. Capital Research Global Investors bought a new position in shares of TPG during the 1st quarter valued at $114,229,000. Vanguard Group Inc. bought a new position in shares of TPG during the 1st quarter valued at $89,216,000. Goldman Sachs Group Inc. bought a new position in shares of TPG during the 1st quarter valued at $30,620,000. Finally, BlackRock Inc. bought a new position in shares of TPG during the 1st quarter valued at $14,585,000. Institutional investors own 3.75% of the company’s stock.

TPG Company Profile

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TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.